IEX shares in focus after recording all-time high monthly electricity trade volume in July

Shares of Indian Energy Exchange (IEX) are expected to remain in focus on Tuesday after the company reported its highest-ever monthly electricity trade volume in July 2025.

The exchange recorded a total volume of 12,664 million units (MU), reflecting a 25.5% year-on-year (YoY) increase, including volumes from the Term Ahead Renewable Segment (TRAS).

This marked the highest ever monthly trade volume in the exchange’s history. A total of 16.26 lakh Renewable Energy Certificates (RECs) were also traded during the month, further contributing to the overall activity on the platform.


According to the data released by IEX, the Real-Time Market (RTM) segment recorded the most significant growth. RTM traded 5,109 MU in July, a sharp 53% rise from 3,334 MU in July 2024. This included the highest ever single-day trade volume of 204.6 MU, recorded on July 27, 2025.

The Day-Ahead Market (DAM) also registered strong performance, trading 5,510 MU in July 2025, compared to 5,056 MU in the same period last year, representing a 9% YoY growth.

The Term-Ahead Market (TAM), which includes daily, weekly, and monthly contracts of up to three months, saw a 28% YoY rise, with volumes reaching 917 MU in July compared to 714 MU in July 2024.

Meanwhile, India’s total energy consumption stood at 153.6 billion units (BUs) during July 2025, marking a 2.6% increase from the previous year, as per government data.

Despite the increase in demand, average market-clearing prices declined across segments. In the Day-Ahead Market, the average price stood at Rs 4.18 per unit, down 16% YoY.

In the Real-Time Market, the average price was Rs 3.83 per unit, registering a 23% YoY drop. IEX noted that these prices offered competitive options for distribution companies (Discoms) and commercial and industrial (C&I) consumers to manage their power requirements.

In the Green Market, which includes the Green Day-Ahead Market (G-DAM) and the Green Term-Ahead Market, IEX traded 1,025 MU in July 2025, compared to 990 MU in July 2024, an increase of 4% YoY. The weighted average price in the Green Day-Ahead Market stood at Rs 3.91 per unit for July 2025.

However, the Renewable Energy Certificate (REC) Market witnessed a decline in volumes. A total of 16.26 lakh RECs were traded in two sessions held on July 9 and July 30, at a clearing price of Rs 360 per certificate. This represented a 48% decline in REC volumes on a YoY basis.

The shares of IEX closed 1.4% higher at Rs 134 on the BSE on Monday.

Also read: Tata Investment announces first-ever stock split in 1:10 ratio; check details on record date

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)